M&G Property Portfolio re-opening leaves two still frozen property funds in the spotlight
Reit managers extol the virtues of closed-ended structures as Aegon AM and Aviva UK property funds remain shut
Closed Ended
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IA’s long-term asset funds fail to impress closed-ended devotees
75% of fund selectors prefer closed-ended funds for illiquid assets
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PA ANALYSIS: Could trust illiquidity spark a dash for the closed-ended door?
A Winterflood Business Services survey recently revealed that out of 216 companies surveyed, 67% now exceed the required industry market cap of £100m, while 43% have market cap of more than £250m.
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BH Global restructure will shrink fees
The board of BH Global is proposing investing its £593m of net assets into the Brevan Howard Multi-Strategy Master Fund with a resultant reduction in fees.
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closed-ended beat open-ended in 2013
Investment trusts outperformed their open-ended equivalents in 13 out of 16 sub-sectors in the 12 months to November 2013, according to research from Winterfloods.
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Half of IFAs to reject closed-end funds
More than half of discretionary fund managers will be placing business into investment trusts in the next six months, while almost half of financial advisers will reject the closed-end structure.
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Japan leads IT performance in 2013
Japanese trusts have dominated performance in the closed-end space throughout the year with discounts narrowing leading to a rerating of the sector.
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Schroder REIT NAV falls
The Schroder Real Estate Investment Trust (SREIT) had an unaudited NAV of £157.8m as of 30 June, a fall of 1.7% compared with its NAV as of 31 March, according to its interim statement.
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closed ended uk income funds beating ftse yield
Yields on UK and global equity investment trusts are offering investors consistently better yields than the FSTE All Share index.
